COPPER REFINERY
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Hindalco Q2 Results: Revenue jumps 39% YoY to Rs 91,708 crore; profit rises 59% on one-time gain
Hindalco Industries revealed a consolidated net profit of Rs 7,532 crore for Q2 of FY27, marking a rise of about 59% from Rs 4,741 crore last year. The company boasted a revenue from operations of Rs 91,708 crore, indicating a year-on-year growth of nearly 39%. This profit takes into account certain exceptional gains and deductions, although shares dipped slightly after the results were shared.
ETMarkets Smart Talk | Gold for ballast, silver for growth; avoid industrial commodities in core portfolios: Saish Sawant
In this edition of ETMarkets Smart Talk, Saish Sawant, Research Analyst–Commodities at Emkay Global Financial Services, breaks down the contrasting moves across gold, crude and copper.
Marco Rubio to to commence three-day visit to India, calls India key ally, says its Russian energy purchases need to be understood
Marco Rubio's visit to Mumbai includes discussions on the pending US-India trade deal and bilateral relations. He will meet External Affairs Minister S Jaishankar to address economic cooperation and regional stability. After paying tribute to terror victims, he will attend the Freedom 250 Reception celebrating diplomatic ties between the nations. Following Mumbai, Rubio will travel to Jamnagar to engage further in energy discussions.
From rocks to riches: India’s unfinished critical minerals story
India's manufacturing industry is significantly affected by its heavy reliance on imported critical minerals like lithium and cobalt. The recent supply disruptions from China have highlighted weaknesses in India's domestic capacity for refining these minerals. Efforts to enhance mineral processing and create integrated production facilities are underway to reduce import dependence.
Adani's Kutch Copper plans 115 MW renewable energy push at Mundra refinery
Kutch Copper Ltd, a part of Adani Enterprises, plans to integrate 115 megawatts of renewable energy into operations. The copper refinery in Mundra aims to expand from 500,000 tonnes to 1 million tonnes per annum. This expansion would make it the world's largest single-location custom smelter. Kutch Copper is committed to environmental stewardship by treating nearly all sulphur emissions and conserving water resources. The Adani Group has pledged USD 1.
Short-term headwinds, long-term calm: 6 mid-cap stocks from different sectors with upside potential of up to 22%
This is not the time to expect that every stock you own will do well; or that you will make quick and easy gains. If you are entering the market, expect a bumpy ride. Don’t be shocked when a good stock falls for a while. And don’t be tempted into taking foolish risks while chasing returns the market is not offering right now. Lowering your expectations is not being negative. It is being realistic, and it protects you.
Metal stocks: Time to contradict analyst expectations? 5 metal stocks with upside potential from a low 2% to a high of 17%
For a long time, there was a familiar pattern in the metal sector. When prices were high and times were good, companies borrowed heavily to build new capacity, confident that the good times would last. Then the cycle would turn, as it always does, causing prices to fall. And these companies would be left with huge debts taken on at the peak that they could no longer comfortably service. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
India to woo foreign copper miners, expand ties, government document shows
India is taking steps to boost copper production, inviting foreign companies to establish smelters and refineries in exchange for investments in overseas mining. Facing potential reliance on imports for up to 97% of copper concentrates by 2047, India aims to diversify supply sources and acquire foreign assets.
Adani's Kutch copper refinery to help cut reliance on imports: Mines ministry
India anticipates achieving self-sufficiency in refined copper by early 2025 with the Adani Kutch Copper Refinery reaching full capacity. Currently, India imports a significant amount of refined copper, primarily from Japan. Several Japanese smelters have applied for BIS certification to supply copper to the Indian market, ensuring sufficient supply during the transition.
Vedanta to invest $2 bn in Saudi copper projects
Saudi Arabia secured $9.32 billion in metal and mining investments from companies like Vedanta and Zijin Group. Vedanta will build copper facilities, while Zijin will focus on zinc, lithium, and copper production. Hastings Technology Metals and Platinum Group Metals will also develop processing facilities for rare earth elements and platinum group metals, respectively, furthering Saudi Arabia's Vision 2030 diversification plan.
Adani and BHP in talks to ink copper sourcing deal worth ₹30,000 crore per annum
Kutch Copper is negotiating with BHP to acquire up to 1.6 mtpa of copper concentrate, valued at around ₹30,000 crore annually. The venture aims to support Kutch Copper's greenfield refinery project at Mundra, making it the world's largest single-location custom smelter at full 1 mtpa capacity.
Adani makes metals debut as copper unit begins operations
Adani Enterprises has inaugurated its first unit of the copper refinery at Mundra, Gujarat, through its subsidiary Kutch Copper, marking its entry into the metals sector. The company will invest $1.2 billion in the first phase of the project, which will have an annual capacity of 500,000 tonnes. The second phase will add another 500,000 tonnes, making it the world's largest single-location custom copper smelter upon completion. This initiative aligns with India's push for sustainability and self-reliance, creating thousands of direct and indirect jobs while aiming for the lowest carbon footprint in its class.
Adani debuts in metal industry as Mundra's copper unit begins operations, co to invest $1.2 billion in first phase
Adani Enterprises' subsidiary, Kutch Copper, initiated operations for its copper refinery project at Mundra, marking Adani's foray into the metal industry. The $1.2 billion investment will set up a 0.5 MTPA copper smelter initially, scaling up to 1 MTPA over two phases, aiming to be the world's largest custom smelter
Gautam Adani plans $5.2 billion alumina mill in growing metal ambitions
Billionaire Adani had set up a wholly owned subsidiary -- Mundra Aluminium Ltd. -- in December, signaling his aspirations in a sector that is dominated by heavyweights such as the Aditya Birla Group and the London-based Vedanta Resources Ltd.
Adani Enterprise subsidiary raises Rs 6,000 crore loan to set up greenfield copper plant
The funds will go towards setting up a copper refining capacity of 0.5 million tonnes per annum (MTPA) as part of the phase 1 of the greenfield plant. The total planned capacity is 1 MTPA in two phases.
Tamil Nadu cancels land allotted to Vedanta Sterlite for its second phase of expansion
SIPCOT has said the price paid for the land by Vedanta will be refunded as per SIPCOT norms, Vedanta Ltd said on Tuesday in a notification to the BSE.
Vedanta to invest Rs 3,000 crore to double copper capacity
We will invest Rs 2,500-3,000 crore in our copper operations to double the capacity from 400 kilo tonnes at present. This will happen by 2019, CEO of Vedanta's Copper business told.
Hindustan Copper Ltd mulls Rs 2,000-crore smelting refinery in Vizag
Hindustan Copper Ltd (HCL) is mulling a six lakh tonne per annum smelting refinery in Visakhapatnam by investing about Rs 2,000 crore.
Load More
